jorc out, page-4

ASX Announcement
30 July 2012
DRAIG REPORTS MAIDEN JORC COAL RESOURCE FOR TEEG LICENCE, MONGOLIA
Highlights
• Maiden JORC reportable coal resource for Teeg licence of 75 million tonnes
• Teeg exploration target of up to a further 25 to 100 million tonnes
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• Evidence for a significant deposit of high grade coal with metallurgical potential
• Resource defined following initial exploration drilling program
• Target drill areas identified to further explore licence area
• New exploration program to focus on Draig’s South Gobi licences
Coal explorer Draig Resources Limited (ASX: DRG) (“Draig” or “the Company”) is pleased to announce a
maiden JORC compliant inferred coal resource of 75 million tonnes for its Teeg Licence (“Teeg”), plus an
additional exploration target of between 25 - 100 million tonnes
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.
The JORC report added there is ‘compelling evidence’ for a significant deposit of high grade coal with
metallurgical potential in a coal seam with a true average coal thickness of 24.12m.
The 22.2km
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Teeg licence is situated in the Bayanteeg district of the Ovorhangay province in central-
southern Mongolia and is one of eight licences owned by Draig across the Ovorhangay and South Gobi
regions.  
The JORC resource estimate was determined using the results of geological mapping, trenching,
induced polarization and resistivity surveys, 6784m of drilling and coal sample analyses.
The Company believes the results confirm the highly prospective nature of Teeg and the wider
Bayanteeg area.
                                                            
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Note: All references to Exploration Targets in this document are in accordance with the guidelines of the JORC Code (2004).
As such it is conceptual in nature and there has been insufficient exploration drilling to define a coal resource on the licence,
it is uncertain if further exploration will result in discovery of a coal resource on the licence. Coal quality ranges for the Teeg
Licence are as follows (on an air dried basis): Moisture 1.8% - 3.4%; Raw Ash 4.3% - 37.5%; Volatile Matter 22.5% - 45.8%;
Fixed Carbon 38.4% - 53.2%; Total Sulphur 0.54% - 2.8%; Calorific Value 5,904 - 7,114 kcal/kg (adb).The resource estimation on the Teeg licence was compiled by PT DanmarPriority had been given to the Teeg licence after an early due diligence exploration program in 2011
intersected massive black coal seams of up to 60 metres.  
The JORC report, compiled by PT Danmar Explorindo, found that a single coal seam had been
discovered in the area consisting of multiple plies of coal (~70%) averaging 24.12m cumulative true
thickness, separated by thin non-coal partings (~30%).
Most of the intercepts made during Draig’s drill program on Teeg were relatively shallow but were in
the most complex part of the deposit due to the geological forces pushing the coal seam close to the
surface at a steep dip. The JORC report added that the results of interpretation work to date indicate
that the coal deposit extends down dip as series of alternating syncline and anticlines and is open-
ended in that direction. The more expansive resource to the north east is less affected by these forces
and is expect to flatten out.
Figure 3 - Interpretation of the seam structure at Teeg
Modelling shows the current extent of the Teeg coal seam and its change in dip away from the contact with the basalt intrus